VRM - Vroom Stock Crashed After-Hours: Here's Why | Benzinga
Vroom, Inc. (NASDAQ: VRM) shares are trading lower in Monday's after-hours session after the company announced it is discontinuing its operations and winding down its used vehicle dealership business.
What To Know: Vroom announced on Monday after the close of the market, causing shares to plunge by over 50%. The goal of the decision is to, "preserve liquidity and enable the company to maximize stakeholder value through its remaining businesses."
The company's board of directors approved the Value Maximization Plan, under which Vroom is ...